Financial close agreed for three road concessions in Colombia

Date
October 23, 2015

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Colombia's National Infrastructure Agency (ANI) has announced that three road concessions have achieved agreements to obtain project financing.

The three road pubic private partnership (PPP) projects are the following:

Pacific Connection highway concession 1was awarded on 4 June 2014 to a consortium composed of Iridium Concesiones de Infraestructuras (40%) and Episol SAS (60 %), which are the infrastructure development arms of ACS Group (Spain) and Corficolombiana (Colombia) respectively. The project was signed on 12 September 2014.

The project includes the stretch Ancón Sur - Camilo Cé - Bolombolo in the region of Antioquia. It comprises the construction of a dual carriageway with a length of 31 Km and the upgrade and maintenance of the current road. The project also includes construction of 42 bridges and two tunnels. The total project investment is estimated at P1,790 billion (US$601 million).

The project includes the stretches of Bolombolo-La Pintada (44km) and La Pintada-Primavera (54km). It comprises the construction of 69 bridges and a 2.5km tunnel in Mulatos. The total project investment is estimated at P912,640 million (US$306.4 million).

The project includes a 153 km north-south arterial road in the eastern sector of Bogotá. The PPP contract involves the design, construction, financing, operation, and maintenance of the proposed bypass during a 22-year period. The total investment for the project will be P1,100 billion (US$369.3 million).